Assume that all compensation expense from the stock options granted by Wilson already has been recorded. Further assume that 200,000 options expire in 2018 without being exercised. The journal entry to record this would include:
A) Debit to paid-in capital-stock options for $8 million.
B) A debit to common stock for $5 million.
C) A debit to paid-in capital-expiration of stock options for $8 million.
D) None of these is correct.
Correct Answer:
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